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Home Loans In Colorado

The state of Colorado is located in the Western United States Mountain West area. It includes most of the Southern Rocky Mountains, the western border of the Great Plains, the Colorado Plateau’s northeastern region, and most of the Southern Rocky Mountains. It is the eighth-largest and 21st-most populous US territory.

If Colorado is where you hope to spend the rest of your life, you’re researching mortgage options to ensure you can afford the house of your dreams. The good news is that Colorado has a wide variety of mortgage options.

Home Loan Programs in Colorado

Several home loan programs are available to fund the purchase of a home, with conventional conforming loans being the most popular among homebuyers. However, various mortgage options for consumers would not qualify for traditional financing. There is a home loan program to suit every borrower’s preferences, from government-insured and guaranteed mortgage loans to Non-Conforming mortgage loans.

  • Conventional Loans

What exactly is a conventional loan? A conventional mortgage is a home loan not guaranteed or insured by the government. Conventional loans generally comply with Fannie Mae and Freddie Mac’s down payment and income requirements, as well as the Federal Housing Finance Agency’s (FHFA) loan limits. They can be either conforming or non-conforming. The minimum credit score requirement to be eligible for a conventional loan is 620.

Conforming loans are mortgages that meet the funding guidelines set by the Federal Housing Finance Agency every year and the criteria of Fannie Mae and Freddie Mac, the two government-sponsored enterprises. Borrowers with excellent credit benefit from conforming loans because they offer low-interest rates to borrowers with good credit. For 2023, the maximum loan limit for conforming loans of a single-family residence in most counties in Colorado is $726,200. 

A non-conforming loan is a mortgage loan that doesn’t meet Fannie Mae and Freddie Mac’s guidelines, therefore, cannot be sold to them. Non-conforming loans may also exceed the loan limits set by the FHFA, making them jumbo loans. 

  • FHA Loans

The Federal Housing Administration (FHA), under the jurisdiction of the US Department of Housing and Urban Development, insures the mortgage loan against future default by the borrower. Insuring the loan against default takes the risk away from lenders in the event of a foreclosure. This allows the lenders to originate FHA loans and offer more favorable terms than conventional loans.

FHA loans are the most accessible home loan program. The minimum credit score requirement to qualify for FHA’s 3.5% down payment is 580. However, borrowers with scores between 500 – 579 may still be eligible with a minimum of a 10% down payment. The FHA loan limits in Colorado vary by county. The standard loan limit for a single-family residence in most counties in Colorado is $472.030. Some counties, like Arapahoe, Broomfield, and Denver, have a limit of $787,750; others have a higher loan limit, like Boulder, which is $856,750, while Eagle and Garfield Counties have a loan limit of $1.089.300.

  • VA loans

A VA loan is a no-money-down mortgage option available to qualified veterans, current duty service members, and their families. Private lenders provide VA loans and are partially backed by the US Department of Veterans Affairs (VA). The VA guarantees a portion of the loan, allowing lenders to offer a more favorable term than other home loan programs.

To qualify for a VA loan, you or your spouse must meet the Department of Veterans Affairs (VA) minimum service requirements, have a valid Certificate of Eligibility (COE), and meet the lender’s credit and income requirements.

  • USDA-Guaranteed Home Loans

The USDA Guaranteed Home Loan Program enables approved lenders to provide eligible low- and moderate-income households with 100% financing and no-money-down mortgage loans. The United States Department of Agriculture guarantees a portion of the loan, allowing approved lenders to offer 100% financing to eligible rural borrowers.

To be eligible for a USDA-Guaranteed Loan, borrowers must have a household income of at most 115% of the median income in the area. They must also occupy the property as their primary residence. They must be US citizens or qualified resident aliens who cannot get conventional financing. Those suspended or debarred from participation in federal programs are disqualified.

  • Jumbo Loans

A jumbo loan, also called a jumbo mortgage, is a home loan that exceeds the “conforming loan limit” of Fannie Mae and Freddie Mac, two government-backed enterprises that buy and manage most single-family home mortgages in the US.

The ability to sell a mortgage to Fannie Mae or Freddie Mac is a safety net or guarantee for the lender; therefore, financial institutions are extra cautious when evaluating applications for jumbo loans to verify applicants’ ability to repay the loan.

 The requirements of a Jumbo loan include (1) a higher credit score, typically 700 or better, (b) a larger down payment, at least 10% down, and some lenders require 20 – 30% down, (3) a greater cash flow and a lower debt-to-income ratio of typically less than 43%, and adequate cash reserves, usually 6 – 12 months of the total monthly mortgage payments.

Apply For A Home Loan With Capital Home Mortgage

Capital Home Mortgage is a direct mortgage originator and servicer in Colorado, offering various mortgage options to consumers. Capital Home Mortgage can identify the financing option that best fits your requirements and budget, regardless of whether you were born in Colorado or are a newcomer. If you need a mortgage to purchase, refinance, or consolidate your loans, we are here to help.

Call our Home Loan Specialists at (303) 226-1177 to begin becoming a homeowner!

Why Colorado HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates and Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Colorado Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
Colorado Mortgage Programs

Colorado Home Purchase

Thinking of Buying a Colorado Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Colorado renovation home loans

Looking to Rehab a Colorado Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Colorado FHA Home Loans

Great for 1st Time Colorado Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Colorado VA Home Loans

100% Financing for Colorado Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Colorado Conventional Home Loans

Flexibility for Colorado Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Colorado Jumbo Home Loans

Colorado Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Colorado USDA Home Loans

100% Rural Colorado Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Colorado Native American Loans

Colorado HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Colorado Manufactured Home Loans

Great Alternative Colorado Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.

  • Existing Purchase or Refinance
  • OTC Land/ Home Combo
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

Colorado reverse mortgages

Your Colorado Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Colorado Non QM Home Loans

Making Colorado Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Colorado One Time Close mortgages

Build Your Colorado Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Colorado Refinance Mortgage Loans

Colorado Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Colorado Cash-out Home mortgages

Colorado Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

colorado Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Brad Rund

Director Native American Lending
Director Manufactured Housing

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Kathy Rubin

Sr Loan Officer
NMLS 204449

Colorado Mortgage Company Reviews

Colorado Cities

Denver Home Loans

Colorado Springs Home Loans

Aurora Home Loans

Fort Collins Home Loans

Pueblo Home Loans

Boulder Home Loans

State Specific Mortgage Information

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